Vitesse Energy Inc reports results for the quarter ended in January 1 - Earnings Summary

Vitesse Energy

05/11/2024 08:00

* Vitesse Energy Inc  VTS.N  reported quarterly adjusted
earnings
of 23 cents​​ per share for the quarter ended January 1, lower
than the same quarter last year, when the company reported EPS
of 38 cents.  The mean expectation of six analysts for the
quarter was for earnings of 37 cents per share. Wall Street
expected results to range from 33 cents to 41 cents per share.
    * Revenue rose 5.9% to $58.28 million from a year ago;
analysts
expected $61.19 million. 
    * Vitesse Energy Inc's reported EPS for the quarter was 53
cents​.
    * The company reported quarterly net income of $17.44
million.
    * Vitesse Energy Inc shares had risen by 4.5% this
quarter and
gained 14.7% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 18%
in the last three months.​ 
    * In the last 30 days, two analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 4 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the oil & gas
exploration and production peer group is also "buy"

Wall Street's median 12-month price target for Vitesse Energy
Inc is $27.75 
This summary was machine generated from LSEG data November 5 at
07:59 a.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2024      0.37           0.23           Missed
 Jun. 30 2024      0.37           0.35           Missed
 Mar. 31 2024      0.34           0.34           Met
 Dec. 31 2023      0.43           0.52           Beat